Commercial Development

Location

The property enjoys a convenient position within easy reach of Worthing's main shopping areas, restaurants and seafront, offering a wide range of leisure and everyday amenities. Worthing railway station is approximately 0.4 miles away, providing regular services along the South Coast and direct routes to London.

The area is well served by local schools, parks and transport links, making it a popular and practical location for residents. Road connections are also excellent, with the nearby A27 providing access to Brighton, Chichester and the wider region, while the A24 links north towards Horsham and the motorway network.

Overall, Farncombe Road offers a convenient and well-connected residential setting close to both the town centre and the coast.

Description

An attractive and substantial detached period investment property, occupying a generous plot of approximately 0.39 acres in a well-established residential location close to Worthing town centre.

The property has been extended and is arranged over three storeys, comprising a mix of 10 one-bedroom flats and maisonettes, including basement accommodation. It retains a wealth of original character features, including ornate cornicing, sash windows and high ceilings, while being maintained to a high standard throughout.

Externally, the property benefits from an in-and-out driveway providing approximately 10 parking spaces, along with a large west-facing garden and a dedicated bin store. A buzzer entry phone system serves the building, providing convenience and security for occupiers.

The asset is fully income producing, currently generating £91,080 per annum, with clear potential for rental growth and asset management opportunities, making it an attractive proposition for investors seeking both stable income and future upside.

A rare opportunity to acquire a substantial and well-maintained residential investment in a sought-after Worthing location.

Price

Offers are invited in the region of £1,350,000 for the freehold interest.

Tenure Comments

Freehold Investment for Sale.

EPC

EPC's are available upon request.

VAT

We are informed that VAT is not applicable on the terms quoted.

Use

We understand the premises benefit from Use Class C3 however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.

Legal Fees

Each party is responsible for their own legal fees in this transaction.

Viewing

Strictly by appointment with Sole Agents,
Jacobs Steel.